Pacific National Bank Sells Mixed-Use Property In Hollywood For $3.9 Million
1720 Harrison Street, Hollywood, Florida 33020, United States
$3,900,000
$26/SF
Building Size
147,877 SF
Asset Type
Mixed-use
Closing
Jul 21, 2022
AI
A mixed-use property located at 1720 Harrison Street in Hollywood has been sold for $3,900,000. The property has a total area of 147,877 square feet, resulting in a price per square foot of approximately $26. The sale was facilitated by Alex Zylberglait and Michael Crocchiola from Marcus & Millichap, representing the seller, Pacific National Bank.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,900,000
- Address: 1720 Harrison Street
- Market: Hollywood
- Brokers: Alex Zylberglait & Michael Crocchiola - Marcus & Millichap
The sale of the property highlights the successful collaboration between Pacific National Bank as the seller, and the brokerage firm Marcus & Millichap, represented by Alex Zylberglait and Michael Crocchiola. The transaction further solidifies the demand for mixed-use properties in the Hollywood market.
Players
Hollywood Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93